Airfloa Rail Technology Ltd IPO
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Airfloa Rail Technology Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 65.07 L | TBA | ₹ 21.64 L | ₹ 129.92 L | BSE | ₹ 91.1 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 11 Sep, 25 | 15 Sep, 25 | 2000 | ₹ 2,66,000 | Book Building - SME | 18 Sep, 25 |
Airfloa Rail Technology Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Compressors |
| Sub Sector | Drilling Equipment |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 85.87x | 3087000 | 265093000 |
| NII | 350.35x | 930000 | 325827000 |
| Retail | 331.48x | 2164000 | 717330000 |
| Employee | 0x | 0 | 0 |
| Total | 201.05x | 6507000 | 1308250000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Airfloa Rail Technology Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 192.39 | 23.53 | 5.48 |
| EBITDA | 40.04 | 26.46 | 8.61 |
| PAT | 25.56 | 14.23 | 1.49 |
| Total Assets | 210.74 | 163.28 | 120.79 |
| Share Capital | 17.46 | 5.00 | 5.00 |
| Total Borrowings | 74.18 | 74.62 | 74.80 |
| Operating Activities (Net Cash) | 28.09 | 17.16 | 4.62 |
| Investing Activities (Net Cash) | 0.01 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 74.18 | 74.62 | 74.80 |
| Net Cashflow | 3.92 | 1.67 | 3.60 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Airfloa Rail Technology Ltd
Our Company was originally incorporated as `Air Flow Equipments (India) Private Limited' a private limited company under the Companies Act, 1956 at Chennai, Tamil Nadu, pursuant to a certificate of incorporation dated December 14, 1998, issued by the Registrar of Companies, Tamil Nadu, Chennai, (RoC). Thereafter, name of our Company was changed from `Air Flow Equipments (India) Private Limited' to `Airfloa Rail Technology Private Limited', consequent to name change, pursuant to a special resolution passed by the shareholders of our Company on July 18, 2024, and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Central Processing Centre on August 27, 2024. Thereafter, name of our Company was changed from `Airfloa Rail Technology Private Limited' to `Airfloa Rail Technology Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on September 12, 2024 and a fresh certificate of incorporation consequent to conversion of the company was issued by the Registrar of Companies, Central Processing Centre on November 15, 2024. Our Company's Corporate Identity Number is U30204TN1998PLC041571.
The government of India has focused on investing in railway infrastructure by making investor-friendly policies. It has moved quickly to enable Foreign Direct Investment (FDI) in railways to improve infrastructure for freight and high-speed trains. At present, several domestic and foreign companies are also looking to invest in Indian rail projects. Indian railways launched Semi-high-speed self-propelled trains that have ultra-modern features like quick acceleration, a substantial reduction in travel time, a maximum speed of 160 kmph, on-board infotainment and GPS-based passenger information system, automatic sliding doors, retractable footsteps and Zero discharge vacuum bio-toilets, CCTV cameras etc. and other contemporary features as per global standards. According to Indian Railways 2023 book, Indian railways plan to market semi-high-speed `Vande Bharat' trains by 2025-26 to European, South American, and East Asian markets for exporting 'Made in India' trains.
We are engaged in the manufacturing of components which are used in the rolling stock for the Indian Railways through railway production units like Integral Coach Factory (ICF), other coach factories. In addition to manufacturing the rolling stock components, we carry out turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, we manufacture intricate, highly engineered, and vital components. Along with Indian Railways through ICF and other coach factories, we also serve other Rails factories, and global rolling stock OEMs.
Peer Comparison:
- Jupiter Wagons Limited
- Titagarh Rail Systems Ltd
Airfloa Rail Technology Ltd IPO Key Points
Strengths
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Long-standing customer base leading to stability in our business operations.
- Management team having established track record.
- Established track record of successfully completed projects.
Risk
- The company is business and revenues are substantially dependent on Indian Railways. Any adverse change in policy of the Ministry of Railways, GOI MoR may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on the company business and results of operations.
- The company is depend on the entities under Indian Railways for a significant portion of contracts in its order book which are awarded on a tender basis. There is no assurance that its bids will be accepted and future contracts will be awarded to it by Indian Railways. This may result in an adverse effect on the company business growth, financial condition and results of operations.
- Increases in the prices of raw materials required for the company operations could adversely affect its business and results of operations.
Strategy
- Leverage our industry-leading capabilities to diversify our customer base further and enhance our penetration and wallet with existing clients by introducing new component lines.
- Expand our manufacturing capabilities to Enhance Client Servicing, Achieve Scale and Deliver Execution Excellence.
- Optimize Costs, Enhance Efficiency, Advance Technology and Strengthen Financial Position.
- Transitioning to a Full-Fledged Rolling Stock Solutions Provider.
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Long-standing customer base leading to stability in our business operations.
- Management team having established track record.
- Established track record of successfully completed projects.
How To Apply for Airfloa Rail Technology Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
